Kintegral Advisory LLC lifted its holdings in Bank of New York Mellon Corporation (NYSE:BNY – Free Report) by 3.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 101,946 shares of the bank’s stock after buying an additional 3,841 shares during the quarter. Bank of New York Mellon makes up 1.1% of Kintegral Advisory LLC’s portfolio, making the stock its 20th biggest position. Kintegral Advisory LLC’s holdings in Bank of New York Mellon were worth $14,939,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. grew its position in shares of Bank of New York Mellon by 0.8% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 10,071 shares of the bank’s stock valued at $1,457,000 after buying an additional 77 shares during the last quarter. Cornerstone Financial Management LLC lifted its holdings in Bank of New York Mellon by 11.4% in the second quarter. Cornerstone Financial Management LLC now owns 784 shares of the bank’s stock worth $113,000 after acquiring an additional 80 shares during the last quarter. Riversedge Advisors LLC lifted its holdings in Bank of New York Mellon by 3.1% in the third quarter. Riversedge Advisors LLC now owns 3,035 shares of the bank’s stock worth $439,000 after acquiring an additional 92 shares during the last quarter. Eastern Bank boosted its stake in Bank of New York Mellon by 12.4% in the third quarter. Eastern Bank now owns 1,043 shares of the bank’s stock valued at $151,000 after acquiring an additional 115 shares during the period. Finally, Rockland Trust Co. boosted its stake in Bank of New York Mellon by 7.6% in the third quarter. Rockland Trust Co. now owns 2,542 shares of the bank’s stock valued at $368,000 after acquiring an additional 180 shares during the period. 85.31% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CFO Dermot Mcdonogh sold 31,800 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total transaction of $4,937,268.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jose Minaya sold 3,520 shares of the firm’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $148.79, for a total value of $523,740.80. Following the transaction, the vice president directly owned 176,824 shares of the company’s stock, valued at $26,309,642.96. This represents a 1.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,840 shares of company stock worth $6,033,502 in the last three months. Company insiders own 0.17% of the company’s stock.
Bank of New York Mellon Price Performance
Shares of NYSE BNY traded up $1.16 during mid-day trading on Friday, reaching $143.25. 6,080,091 shares of the company traded hands, compared to its average volume of 4,283,916. Bank of New York Mellon Corporation has a fifty-two week low of $103.11 and a fifty-two week high of $165.84. The firm has a market cap of $97.20 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.10 and a beta of 1.06. The stock has a fifty day simple moving average of $154.70 and a 200-day simple moving average of $146.36. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72.
Bank of New York Mellon (NYSE:BNY – Get Free Report) last released its earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.11. The firm had revenue of $5.68 billion during the quarter. Bank of New York Mellon had a return on equity of 16.57% and a net margin of 16.32%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that Bank of New York Mellon Corporation will post 9.28 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Erste Group Bank initiated coverage on Bank of New York Mellon in a report on Wednesday, July 15th. They set a “buy” rating for the company. Zacks Research downgraded Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. New Street Research set a $182.00 price objective on Bank of New York Mellon in a research report on Friday. Truist Financial reduced their price objective on Bank of New York Mellon from $172.00 to $165.00 and set a “buy” rating for the company in a research report on Friday. Finally, Citigroup lowered their price objective on Bank of New York Mellon from $172.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.85.
Get Our Latest Stock Analysis on BNY
Key Stories Impacting Bank of New York Mellon
Here are the key news stories impacting Bank of New York Mellon this week:
- Positive Sentiment: Q3 earnings and revenue exceeded expectations. BNY reported quarterly earnings of approximately $2.37 per share, above the $2.26 analyst consensus, while revenue reached $5.68 billion, up 11.7% year over year. Net income and EPS rose sharply, supported by higher fee revenue, net interest income and expanding asset balances. BNY Q3 Earnings Beat Estimates on Fee Income and NII Growth
- Positive Sentiment: Management raised its outlook. BNY increased its 2026 revenue-growth and operating-leverage expectations, citing strong operating momentum, adoption of artificial intelligence and growth across securities services. Assets under custody and administration reportedly reached $63.4 trillion, reinforcing the company’s scale advantage. BNY Q3 Earnings Call Highlights Raised Outlook and AI Push
- Positive Sentiment: Shareholder returns and strategic initiatives support sentiment. BNY declared a $0.63 quarterly common-stock dividend, and the company announced the VeriCORE initiative with SFA and Snapdocs to modernize asset-backed-securities market infrastructure. BNY Declares Dividends
- Neutral Sentiment: Truist remains bullish but reduced its price target. Truist maintained a “buy” rating while lowering its target from $172 to $165, suggesting continued upside but also a more cautious valuation outlook.
- Neutral Sentiment: CEO Robin Vince said a potential 5.25% 10-year Treasury yield would not be historically unusual. The comments may ease concerns about interest-rate conditions, but they do not materially change BNY’s earnings outlook. US 10-year Treasury Yield Levels Not Unprecedented
- Negative Sentiment: Expenses and AI investment remain risks. Although AI is being embedded throughout the business, BNY has not disclosed the associated costs. Rising expenses could limit the benefit of revenue growth and operating leverage. While Embedding AI Everywhere, BNY Won’t Disclose Costs
Bank of New York Mellon Company Profile
BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.
BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.
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